Wood River times. [volume] (Hailey, Idaho) 1882-1915, 1887-08-06

Now IL has been again sold, and the price
paid was $4,000.
These deals, however, have all been made
in tho inside OF the city, and the rise in
property here b justified by the city's remark
able resources and business, which will do
scribe further on. There has been Q great
deal Of wild speculation on the outside Of the
city and prairie has been laid out in sub.
divisions to an extent which it is almost i'm
possible to realize. Land worth $50 and 500
an acre has been laid out in lots and sold for
$500 and $1,000 and upwards per acre.
Within radius Of six miles this suburban
addition business has been going on. and Den
yer could rise to ], 0OO, 900 population and not
overstep the circle in which some OF these ad-
diuons lie. The speculation, however, has
been no, hing like that Of Wichita, Findlay
and Kansas City. II has not, l believe,
gone through the solid business men OF the
town as in other places, and it has unfortun.
ateiy been largely done on credit Tho land
will for many years be good for nothing but
farming, and there will be some hard pinched
spectators before the notes which have been
given for it are paid. A great deal Of this
speculation has been done by men of small
means, and some Of it on the installment plan
Of IS a month. It Is the same every where,
however, and it seems to me that ultimate
distress must come to great many people.
So
In the meantime Denver has q solid basis
1t IL growing fast and it will continue to
grow. It did last year business Of more than
ST. 100000. and its manufactures during that
time amounted to $240OO, 600 more. Its
grocery trade amounted in 1885 to more than
5000 600, its liquors S. 0OO. 900 and its cigars
IN liz Tn, a. 4.
700, 900 worth Of business, and its real estate
amounted to $ll 000, 600. In manufactured
products it turned out q, 7OO, 900 worth of
cigars, q, 7OO,0OO worth of foundry and ma
chino products, and the enormous amount Of
$l2, 1884 900 of the smelling and refining Of
gold and silver
Its bank clearings are steadily increasing,
and during 1885 they ranged from IS, 900 900
to $4,000, 900 per month, amounting TO $751;
000. 900 in round numbers for the year.
The banks OF Denver are sound and they
are all making money. It shows well for tho
business Of the city that their aggregate de-
posits have doubled within the past three
years, rising from $4,000, 900 in 1884 to over
$4,000, 900 by the last statement Of the
controller, on July /, 1887. This rise has
been steady and it shows well for banks
which have an aggregate capital Of 81, $780,
600. Interest here ranges from 10 to u per
cent on CONNER cial paper, and from to 8
per cent on large real estate transactions,
The banks have elegant counting rooms, a,l
they do an immense amount Of business ia
proportion to their capital. The First Ma.
tional bank with $500, 900 capital has $780,
600 Of undivided profits, and its deposits arc
nearly 81 100000 The Colorado bank with
q capital Of $500, coo has from IS. 600, OOO to
$4,000, 900 worth Of deposits, and like state
ment may be made Of other banks in q less
degree.
The aggregate loans Of the banks range
from two to three times their aggregate cap
ital Few things breed money like 10 per
cent Denver Is the money center Of Colo
RADIO and the business of the whole state il
largely done here. The millions made in
mines, stocks and agriculture are poured into
uer lap. +%s
The public buildings Of this city are very
fine. The court house cost S20O, 900 to bull,
and it is an EXAMPLE Of an honest contractors
work. The builder did not use the whole of
the funds provided for its erection, and re-
turned some to the county. The new capitol
Of the state is to cost 81, 900 OOO and it is now
being erected ON a hill which overlooks the
city. The Denver city hall is fine stone
building, which cost $4,000, and the hi h
school building 1925 600. In addition, there
are many other school buildings over Denver
which cost from $40, 900 to $40, 600, and the
city, Senator Teller says, is as well supplied
with schools as any town in the Union. Den
YER has also sixty-two churches, em bracinp
every denomination, and Tabor's new opera
house cost $3.50, 900, and pays an interest on
the investment. 1t is made of pressed brick
and stone, and has business rooms at the front
and below. Tabor has done good thing for
the city, and many Of his investments have
been Of a different character than his career
at Washington would imply.
49,
Denver has had to fight for its railroads
and the Union Pacific and the Atchison
Topeka and Santa Fe both tried hard to build
up rival towns at its expense. Pueblo, about
100 miles on the south, and Cheyenne, about
100 miles to the north, were the towns, and
Cheyenne was tho pet Of the Union Pacific.
Denver, however, grew in spite Of both, and
the Union Pacific now goes through here, and
the Atchison, Topeka and Santa Fe is coming
as fast as her many gangs of men can lay the
track. Their camps, tents and horses saw
all along the way up the Denver and Rio
Grande road from Pueblo. The Denver
Texas and Gulf road is also being built, and
the Missouri Pacific is coming through Colo
RADIO from st. Louis to Denver. Tho Chicago
and Northwest and tue Chicago and Rock
Island will also be here, and In addition to
these there are six or eight other roads In op-
GRAFTON. The Union Pacific alone has seven
branch railroad lines here, reaching all Of the
mining regions and the chief agricultural
parts Of the state, as well as going east and
west. The Denver and Rio Grande, the
longest narrow gauge in the world, is being
rapidly extended, and the Burlington and
Missouri or Chicago, Burlington and Quincy,
goes from here to Kansas City, Omaha and
Chicago. BY the Denver, Texas and Gull
Denver expects to reach the sea at Gal eston,
and Judge Bedford expects the day to come
when the whole continent will revolve around
Denver as railroad axis, one Of the spokes
Of which will touch Behring's Straits and the
other rest upon the Isthmus OF Panama
-
Joking aside, Denver has become railroad
center, 1t has become the great residence
city OF Rocky mountains and the plains. II
has grown into manufacturing center, and
it Is tapping the wealth OF the greatest min.
ing state of the world. Its growth is rapid
and its progress is, believe, to continue. 1t
has pushing set Of young workers, and with
the increase OF money as shown by the doub.
ling OF its bank deposits aud the increase Of
its business, /: cannot fail to improve
En-